Schwab Charles Investment Management Inc. trimmed its position in Integer Holdings Co. (NASDAQ:ITGR) by 30.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 128,792 shares of the medical equipment provider’s stock after selling 56,459 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.41% of Integer Holdings worth $5,571,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of ITGR. Nationwide Fund Advisors lifted its holdings in shares of Integer Holdings by 7.8% in the 1st quarter. Nationwide Fund Advisors now owns 24,089 shares of the medical equipment provider’s stock worth $968,000 after buying an additional 1,734 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Integer Holdings by 12.6% in the 1st quarter. Bank of New York Mellon Corp now owns 372,845 shares of the medical equipment provider’s stock worth $14,988,000 after buying an additional 41,810 shares during the period. Comerica Bank lifted its holdings in shares of Integer Holdings by 4.2% in the 1st quarter. Comerica Bank now owns 30,982 shares of the medical equipment provider’s stock worth $1,140,000 after buying an additional 1,249 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Integer Holdings by 5.0% in the 1st quarter. Ameriprise Financial Inc. now owns 146,614 shares of the medical equipment provider’s stock worth $5,893,000 after buying an additional 6,975 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its holdings in shares of Integer Holdings by 3.7% in the 1st quarter. Parametric Portfolio Associates LLC now owns 107,633 shares of the medical equipment provider’s stock worth $4,327,000 after buying an additional 3,845 shares during the period.
In other news, insider John A. Harris sold 1,261 shares of Integer Holdings stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $45.40, for a total transaction of $57,249.40. Following the sale, the insider now owns 2,064 shares in the company, valued at $93,705.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Integer Holdings Co. (NASDAQ ITGR) opened at 54.25 on Friday. The company’s 50 day moving average price is $48.86 and its 200-day moving average price is $43.33. The stock has a market capitalization of $1.71 billion, a PE ratio of 93.21 and a beta of 1.30. Integer Holdings Co. has a 52 week low of $18.10 and a 52 week high of $54.65.
Integer Holdings (NASDAQ:ITGR) last announced its quarterly earnings results on Thursday, July 27th. The medical equipment provider reported $0.62 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.73 by ($0.11). The business had revenue of $363.00 million during the quarter, compared to the consensus estimate of $353.68 million. Integer Holdings’s revenue was up 4.2% compared to the same quarter last year. During the same period last year, the business earned $0.56 earnings per share. Equities research analysts predict that Integer Holdings Co. will post $2.75 EPS for the current year.
ITGR has been the subject of several research reports. Zacks Investment Research upgraded Integer Holdings from a “sell” rating to a “hold” rating in a report on Monday, August 21st. KeyCorp reiterated an “overweight” rating and issued a $62.00 target price (up from $51.00) on shares of Integer Holdings in a report on Monday, September 18th. Royal Bank Of Canada reiterated a “hold” rating and issued a $40.00 target price on shares of Integer Holdings in a report on Friday, September 22nd. Finally, BidaskClub upgraded Integer Holdings from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $51.00.
Integer Holdings Profile
Greatbatch, Inc is a developer and manufacturer of medical devices and components. The Company operates through two segments: Greatbatch Medical and QiG Group (QiG). Greatbatch Medical designs and manufactures products where the Company either owns the intellectual property or has unique manufacturing and assembly expertise.
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